Kincora welcomes cornerstone investor and makes board changes The Bloomfield Group participated in the recently completed A$2.4 million raising and increased its equity share to a 12.9% interest which is the largest shareholding in Kincora
Kincora welcomes cornerstone investor and
makes board changes
The Bloomfield Group
participated in the recently completed
A$2.4 million
raising and increased
its equity share to a 12.9% interest which is the largest shareholding in Kincora
Luke Murray
is appointed to the Board as a non-executive director
Lewis Marks
stands down from the Board, remains an advisor
MELBOURNE, Australia
,
March 9, 2023
/CNW/ - Kincora Copper Limited (ASX: KCC) (TSXV: KCC)
(
Kincora
or the
Company
) is pleased to welcome
The Bloomfield Group
as our largest shareholder
and the lead investor in the recently completed
A$2.4 million
raising which increased its shareholding
to 12.9%.
The Bloomfield Group
is a longstanding privately owned Australian mining and
engineering group of companies.
Luke Murray
, Chief Operating Officer of
The Bloomfield Group
, joins the Company's board as a
non-executive director and brings senior executive experience in open cut mining, processing,
logistics and permitting in
New South Wales
to the Kincora team. Concurrently,
Lewis Marks
has
stepped down as a non-executive director, but remains as an advisor to the Company.
Chairman
Cameron McRae
, commented:
"We are very pleased to strengthen our relationship and welcome The Bloomfield
Group as our largest shareholder. The group has an excellent and longstanding
track record and network within the NSW resource sector.
It is a pleasure to welcome Luke to the Board. He has a unique and high calibre
skill set, and is very well positioned to complement our team and add value.
On behalf of the Company, I would like to thank Lewis for his 4 years of service on
the Board and for his continued input to Kincora going forward as an advisor."
Luke Murray
biography
Mr.
Luke Murray
brings to the Kincora team current broad senior management experience in mine
planning, operations, processing, logistics, approvals and regulatory compliance in NSW mining.
Luke holds a Bachelor of Mining Engineering from the University of NSW and a Masters in Applied
Finance from the University of Newcastle. He is a graduate of the Australian Institute of Company
Directors, a member of the Mine Managers Association of
Australia
, and contributes to the
development of emerging leaders by acting as an examiner of candidates for the qualification of
Open Cut Mining Engineering Manager in NSW.
Luke is currently Chief Operating Officer of
The Bloomfield Group
. He is responsible for safe,
efficient, low cost production from two open cut coal mines and an engineering, machining and
fabrication business and for the successful execution of group capital projects.
Kincora's total issued ordinary shares post the recently completed raising is 166,471,542.
This announcement has been authorised for release by the Board of Kincora Copper Limited
(ARBN 645 457 763)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange
accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Kincora Copper Limited
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http://www.newswire.ca/en/releases/archive/March2023/09/c2998.html
%SEDAR: 00003952E
For further information:
Sam Spring, President and Chief Executive Officer,
[email protected] or +61431 329 345; For media enquiries: Media & Capital
Partners, Angela East at [email protected]; Executive office: 400 - 837 West
Hastings Street, Vancouver, BC V6C 3N6, Canada, Tel: 1.604.283.1722, Fax: 1.888.241.5996;
Subsidiary office Australia: Vista Australia (formerly Leydin Freyer Corp Pty Ltd), Level 4, 100 Albert
Road, South Melbourne, Victoria 3205
CO: Kincora Copper Limited
CNW 05:30e 09-MAR-23